Kochi: Kifby Deputy Managing Director Vikramjit Singh may not appear before the Enforcement Directorate (ED) today. It is likely that more time will be required to attend at the same time. Vikram Jit Singh was given an ED notice to appear at 10 am today to testify.
KIFB CEO KM Abraham, Deputy CEO Vikram Jeet Singh and KIFB’s banking partner Axis Bank Wholesale Head, among others, were asked to appear before the court on charges of violating the Foreign Currency Management Rules. Issued by ED Notice. Kifby CEO KM Abraham is also scheduled to appear tomorrow.
At the same time, the CPM and the government have used the ED’s move as a political weapon. Central Agency for Tracking Up 50,000 Crore Development Work In the meantime, the ED’s move has been used as a campaign weapon to raise the issue of central disregard for the state. According to the Left, this is a move to stifle the infrastructure development of the state.
The Chief Minister has approached the Election Commission alleging that the ED move is politically motivated and a breach of code of conduct. According to the complaint, the ED’s move was a continuation of Union Finance Minister Nirmala Sitharaman’s criticism of Kifbi in Kerala.
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